Semi-weekly south Kentuckian. [volume] (Hopkinsville, Ky.) 1883-1889, 1887-08-16
THE 0. v. PROPOSITION.
To be Voted on in the Hopkins
vile Magisterial District
August 90.

| hyj iOrlnany appeared 0y It's attorney
j. Il. Clay, and filed its petition whicl
reads in words and figures as follows
to-wit:
To THE COUNTY CoURT OF CHRIsTIAS
COUNTY. KENTUCKY
The Ohio Valley: Railway Compa,
ny, formerly the South Kentucky
Railroad Company, chartered by All
act of the General Assembly of The
Commonwealth of Kentucky, up,
proved 10Th day of March 1871, and
the several amendments thereto, by
order of its Board Of Directors, re-
speclfully requests your honorable
Court TO submit to the qualified vo-
ters Of what Is known us the Hop
kinsyille Magisterial District OF
Christian County, Kentucky, or Civil
District No. at an election to be held
under and in accordance with the
act of its Incorporation, on a day to
be designated by this Court, not more
than sixty (G0) days nor less than
thirty (30) days from the date that
said election Is ordered, the question
whether or not the said District shall
subscribe one thousand (l,000) shares
of one hundred (Sl0O dollars each to
the capital stock of The Ohio Valley
Railway Company, OIL the following
terms aud conditions to-wit:
Condition first; That no part ofthe
amount for said stock shall be due or
payable until continuous line of rail-
way, of a standard guage, shall be
constructed by said Ohio Valley
Railway Company, from the town Of
Princeton, Kentucky, TO the limits of
the city OF lIopkinsville, Kentucky,
nor until train of cars shall be run
over said railway, nor unless said
railway Is constructed on or before
the lst day of January 1880, provided,
that If the Ohio Valley
Railway Company shall, in good
faith, aud within reasonable time
after favorable vote on this propo-
sition, begin the construction of its
road and be prevented by stress of
weather or any extraordinary hap
pening, from constructing the road
within the time aforesaid, then the
subscription shall not be, therefore,
on that account void, but a reasona-
BILE time shall be extended In such an
event beyond the date named, for the
of said road as afore-
said:
Condition second: That the Ohio
Valley Railway Company shall un-
dertake and bind itself, on the pay
ment of the money for said Stock, or
on the delivery of the bonds as here
in after recited. to refund TO the Hop
kinsville Dristrict the amount so
paid on the face value of the bonds
delivered in payment of its subscrip-
ton, in the event the Louisville Il
Nashville Railroad Co. or any success
sor thereof shall obtain the possession
aud ownership OF said Ohio Valley
Railway Company, within twenty
years from this date, provided, how
ever, that IL the stock of the Hopkins
vile District shall be voted or used
for the purpose OF enabling said Lou
isyile & Nashville Railroad Compa-
ny TO obtain the possession and own
ership Of said Ohio Valley Railway
then this obligation on the
part of the said Ohio Valley Railway
Company shall cease and determine.
Condition third: In the event
favorable vote is had on this propo-
sition, the stock is subscribed and
paid for, the Ohio Valley Railway
Company hereby agrees and binds
itself to give as favorable rates, in
proportion 10 the distance. TO the. peo-
pie and shippers Of the Hopkinsville
District as II may give to any other
point on its line between its terminl
aud not to make or permit TO be made
any unjust discrimination in the mat
ter of freights or passage against the
peopleo of or shippers of said Hopkins
vile District.
Condition fourth; That in pay
ment Of the stock subscribed by said
district, 1t shall issue and deposit
with three trustees 10 be named in
the order submitting this proposition
bonds of said district for the sum of
one hundred thousand ($l00.0000W
dollars, with coupons attached for
the interest, TO be made payable to
said Ohio Valley Railroad Company
or bearer, due and payable twenty
years after the date of their usual.
with the option on the part of the
district TO redeem the same at any
time after 8 years from their date,
bearing interest at the rate of SIX per
cent per annum, payable semi-an-
nually, both principle and interest
payable at the banking house of
Latham, Alexander Il Co., in the City
of New York. Said bonds to be in
of not more than one
thousand dollars, nor less than one
hundred dollars each, which SAID
bonds shall be held by the trustees,
TO be hereafter named In the order of
the Court, in trust to be delivered and
shall be by them delivered to the said
Ohio Valley Railway Company, when
said railway shall have been con-
structed as mentioned in condition
one of this proposition, and train of
cars run thereon, and within the time
therein provided, provided, however,
that any coupons falling due for in
terest on said bonds before the con-
struction of said road TO Hopkins
willie as aforesaid, shall be by said
trustees detached, marked cancelled
and returned to the County Court OF
Christian county.
Condition fifth: In lieu of the de-
livery of the bonds as aforesaid to the
Ohio Valley Railway Company, the
Hopkinsville district, through the
trustees aforesaid may sell the bonds
at not less than their value. and de-
posit with tho trustees aforesaid one
hundred thousand dollars which the
trustees shall DELIVER TO the Ohio
Valley Railway Company as provided
for the delivery Of the bonds. The
object of this condition being TO give
10 said district the benefit OF any
premium that may be received on
said bonds and IL is understood that
any premium received shall be used
for the purpose Of retiring and can.
ceiling the bonds to the extent oil
said premium. IT.,
Condition sixth, III any subscrip'
tion is made under this proposition
the Ohio Valley Railway Company
undertakes to secure the release by
tbe Hopkinsville u Cadiz Railway
romnsny Of subscription made t.
LII fTonkiusville & Cadiz Railroad